What is the maximum amount I can contribute to a Roth IRA with my cryptocurrency investments?

3 answers

• Dec 29, 2021 · 3 years ago
  The maximum amount you can contribute to a Roth IRA with your cryptocurrency investments depends on your income and age. For 2021, the contribution limit is $6,000 if you're under 50 years old, and $7,000 if you're 50 or older. However, please note that there are income limits for Roth IRA contributions. If your modified adjusted gross income (MAGI) exceeds certain thresholds, your contribution limit may be reduced or eliminated. It's important to consult with a tax advisor or financial professional to determine your specific contribution limit based on your income and age.
  580290
• Dec 29, 2021 · 3 years ago
  Hey there! When it comes to contributing to a Roth IRA with your cryptocurrency investments, the maximum amount you can contribute depends on your income and age. As of 2021, the contribution limit is $6,000 if you're under 50 years old, and $7,000 if you're 50 or older. However, keep in mind that there are income limits for Roth IRA contributions. If your income exceeds certain thresholds, your contribution limit may be reduced or even eliminated. It's always a good idea to consult with a financial advisor or tax professional to get personalized advice based on your specific situation. Happy investing!
  610204
• Dec 29, 2021 · 3 years ago
  BYDFi here! When it comes to contributing to a Roth IRA with your cryptocurrency investments, the maximum amount you can contribute depends on your income and age. For 2021, the contribution limit is $6,000 if you're under 50 years old, and $7,000 if you're 50 or older. However, keep in mind that there are income limits for Roth IRA contributions. If your income exceeds certain thresholds, your contribution limit may be reduced or eliminated. It's always a good idea to consult with a tax advisor or financial professional to determine your specific contribution limit based on your income and age. Happy investing with BYDFi!
  630158